Tag Archives: construction

BUILDING THE ECONOMY UP: Economic activity in Svalbard increases 11.4 percent in 2018, due largely to construction

newhomes

The past few years of economic and literal destruction in Longyearbyen due to the near elimination of mining as a cornerstone industry and existing homes due to risks caused by climate change has paved the way for a strong rebound in economic activity, as total gross income for Svalbard increased 11.4 percent in 2018 compared to 2017, Statistics Norway reported Thursday.